Error with python version during installation

When I run the PyEXEmaker 2.0 Setup a message comes up after I click the "Install" button:

==begin msg==
Found ActiveState ActivePython 2.4 version.
Need at least version 2.4.2
You have to download a PYTHON DISTRIBUTION by yourself and install it FIRST!
Do you still want to continue?
==end msg==

I do not have ActiveState python on my system so I'm not sure why the installer thinks I do? I have the 2.4.4 .msi version from the www.python.org website.

I do have ActiveState Perl 5.8 installed though.

The default directory for a Python 2.4.x series is Python2.4. Is the installer checking that folder name for a version? (i.e. only seeing 2.4 and assuming that's the version of python installed?)